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EPAM Systems and Exteria to develop Tyumen Oil Company e-Marketplace
EPAM and Exteria will develop e-Marketplace for The Tyumen Oil Company (TOC) by the end of the year 2002
Moscow, Russia, May 15, 2002 -
The Tyumen Oil Company has selected EPAM Systems and Exteria
to help it improve market transparency and enhance its ability
to deliver oil products to customers by implementing a major
oil and gas e-Marketplace by end-of-year 2002. The new
e-Marketplace represents another phase in the evolution
of the TOC enterprise technology environment. When completed,
the system will automate the whole range of the TOC's
business-processes from production to sale.
TOC expects the e-Marketplace to provide a new and important
procurement channel to its trade partners. Partners will be
able to react to market changes more quickly by performing
transactions online, enjoy reduced trade commissions and
inform themselves through a powerful suite of reporting
services. The fusion of the e-Marketplace with TOC's
legacy systems will facilitate the integration of data
from both traditional and electronic sales channels.
Dynamic transaction accounting and analysis will
help customers develop effective trade policies.
EPAM and Exteria's proposal for the TOC oil e-Marketplace
was selected from a tender of more than 50 participants -
including the worlds major IT consulting companies and
Russia's largest system integrators. EPAM and Exteria have
a combined history of success with more than fifty large
enterprise-level projects in 30 countries worldwide,
including complex enterprise-wide technology implementations
for several Fortune 1,000 companies.
About EPAM Systems
Established in 1993, EPAM is a leading provider of software
development outsourcing services, e-business, enterprise relationship
management, and content management solutions. EPAM delivers low-cost,
high-quality software solutions globally using an onshore/offshore
development model. Headquartered in Princeton, NJ, EPAM has
development centers in Moscow, Russia and Minsk, Belarus.
EPAM's
customer base includes such companies as Colgate-Palmolive,
Halliburton, Verizon Communications, Samsung America, CareFirst BlueCross BlueShield, Bally of Switzerland and other.
In the technology world EPAM provides services to such firms as SAP,
Brio Software, ServiceWare, PTC, and others. More
information about the company can be found at
http://www.epam.com
About EXTERIA
Established in 1999, Exteria specializes in building corporate
e-business systems and portals, integration of sales/procurement
channels, consulting and business analysis, creative and
industrial web-design, and content management. Among Exteria's
customers are Microsoft, Mitsubishi Electric, Peugeot,
Visa International, RAO "UES of Russia", World Bank, Iron
and Steel manufacturers at Nizhniy Tagil and Lipetsk, and others.
www.exteria.com
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